A Bloomberg article revealed on 19 October 2020 that the government of Venezuelan President Nicolas Maduro is approaching some of the nation’s creditors. Maduro’s administration planned phone calls with local bondholders as well as those from Colombia, Argentina and Europe in the past few weeks and U.S. investors weren’t included in the talks due to restrictions imposed by the Trump administration. The purpose is to lay the groundwork for a debt deal should sanctions ease after next month’s U.S. election, the article said. Maduro’s administration already reached out to Venezuela’s creditors with a conditional offer, offering investors to waive prescription periods to avoid litigations. The deadline for bondholders to respond to the offer is 13th November.